According to the prior analysis, RIOT continued its advance with a 3% gain today, closing above the previous 4th Wave gap zone and near the midline of the thorough projected advance — all aligns with the outlook for continued upside in Minor Wave 5 of the leading diagonal, unfolding as the final leg of Intermediate Wave (1).
📈🎬 >> This price action adds conviction to the bullish scenario, indicating that the structure is maturing and approaching completion of the projected initial leg within a Primary degree uptrend. A surge above 15.34 would technically mark the completion of the leading diagonal in Intermediate Wave (1), potentially confirming the onset of a broader bullish uptrend.
🎯The projected advance for Minor Wave 5 stands at 72%, based on current technical analysis.
📉🎬 >> Upon completion of Minor Wave 5, the leading diagonal pattern will be firmly established as a potentially bullish structure, setting the stage for a corrective retracement in Intermediate Wave (2).
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